Morningstar Fund Report  | 05/04/2025Print

JPMorgan Funds - Greater China Fund C (acc) - EUR

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
JPMorgan Funds - Greater China Fund C (acc) - EUR
Fund-7.6-20.1-14.615.1-0.8
+/-Cat-0.8-1.3-2.30.9-1.0
+/-B’mrk1.0-7.5-8.1-9.6-1.3
 
Category: Greater China Equity
Category Benchmark: MSCI Golden Dragon NR USD
Key Stats
NAV
03/04/2025		 EUR 155.34
Day Change -3.45%
Morningstar Category™ Greater China Equity
ISIN LU1106505156
Fund Size (Mil)
03/04/2025		 USD 1481.79
Share Class Size (Mil)
03/04/2025		 EUR 42.98
Max Initial Charge -
Ongoing Charge
18/07/2024		  0.95%
Morningstar Research
Analyst Report07/03/2025
Claire Liang, Principal
Morningstar, Inc

JPM Greater China benefits from a solid investment management team, a well-resourced and expanding supporting cast, and a proven investment process. With both the People and Process ratings reiterated at Above Average, the Luxembourg vehicle’s...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People24
Parent24
Process24
Performance
Price
Investment Objective: JPMorgan Funds - Greater China Fund C (acc) - EUR
To provide long-term capital growth by investing primarily in companies from the People's Republic of China, Hong Kong and Taiwan ("Greater China").
Returns
Trailing Returns (GBP)03/04/2025
YTD-3.50
3 Years Annualised-4.03
5 Years Annualised1.74
10 Years Annualised6.39
12 Month Yield 0.00
Management
Manager Name
Start Date
Rebecca Jiang
03/07/2017
Li Tan
01/05/2023
Inception Date
08/09/2014

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI Golden Dragon NR USDMSCI Golden Dragon NR USD
Portfolio Profile for  JPMorgan Funds - Greater China Fund C (acc) - EUR28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.020.0099.02
Bond1.650.001.65
Property0.000.000.00
Cash24.9125.58-0.67
Other0.000.000.00
Top 5 Regions%
Asia - Emerging62.21
Asia - Developed37.79
United States0.00
Canada0.00
Latin America0.00
Top 5 Sectors%
Technology32.91
Consumer Cyclical24.34
Communication Services15.57
Financial Services11.76
Industrials7.76
Top 5 HoldingsSector%
Taiwan Semiconductor Manufacturi... TechnologyTechnology9.85
Tencent Holdings LtdCommunication ServicesCommunication Services9.73
Alibaba Group Holding Ltd Ordina... Consumer CyclicalConsumer Cyclical7.94
Xiaomi Corp Class BTechnologyTechnology4.08
Meituan Class BConsumer CyclicalConsumer Cyclical3.19
Increase Decrease New since last portfolio
JPMorgan Funds - Greater China Fund C (acc) - EUR
Growth Of 1000 (GBP) 31/03/2025
Fund:  JPMorgan Funds - Greater China Fund C (acc) - EUR
Category:  Greater China Equity
Category Index:  MSCI Golden Dragon NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-18.5838.4553.92-7.63-20.06-14.6415.05-0.82
+/- Category-2.3113.5918.53-0.79-1.32-2.300.93-1.01
+/- Category Index-9.0719.4529.711.00-7.50-8.15-9.64-1.34
% Rank in Category678105060604262
Trailing Returns (GBP)03/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-3.45   -0.15-0.87
1 Week-6.17   -0.90-1.89
1 Month-7.38   -2.19-1.89
3 Months-2.29   -1.47-1.80
6 Months-9.47   -3.35-6.04
YTD-3.50   -2.12-2.53
1 Year9.79   1.23-9.66
3 Years Annualised-4.03   -1.30-6.93
5 Years Annualised1.74   0.91-2.58
10 Years Annualised6.39   1.730.62
 
Category: Greater China Equity
Category Index: MSCI Golden Dragon NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-0.82---
20240.146.576.950.81
20233.81-10.29-4.98-3.53
2022-14.382.79-14.055.68
20210.497.48-12.13-2.68
2020-2.2925.179.3215.13
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAverage3 star
5-YearAbove AverageAbove Average3 star
10-YearAbove AverageAbove Average4 star
OverallAbove AverageAbove Average4 star
 
Category :  Greater China EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev24.23 %
3-Yr Mean Return-0.36 %
 
3-Yr Sharpe Ratio-0.18
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 MSCI Golden Dragon NR USD  MSCI Golden Dragon NR USD
3-Yr Beta1.031.03
3-Yr Alpha-6.49-6.49
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 62057-
Market Capitalisation% of Equity
Giant67.92
Large28.32
Medium3.76
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings15.191.08
Price/Book2.551.19
Price/Sales1.871.02
Price/Cash Flow10.961.01
Dividend-Yield Factor2.300.89
 
Long-Term Projected Earnings Growth12.671.21
Historical Earnings Growth2.210.71
Sales Growth3.691.11
Cash-Flow Growth13.191.89
Book-Value Growth8.031.28
 
Category: Greater China Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.020.0099.02
Bond1.650.001.65
Property0.000.000.00
Cash24.9125.58-0.67
Other0.000.000.00
World Regions28/02/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.00-
Latin America0.00-
United Kingdom0.000.00
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.000.00
Middle East0.00-
Japan0.000.00
Australasia0.00-
Asia - Developed37.791.36
Asia - Emerging62.210.89
 
Category: Greater China Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Consumer CyclicalConsumer Cyclical24.340.92
Financial ServicesFinancial Services11.760.98
Real EstateReal Estate1.930.78
Consumer DefensiveConsumer Defensive1.970.40
HealthcareHealthcare0.920.23
UtilitiesUtilities2.831.95
Communication ServicesCommunication Services15.571.02
IndustrialsIndustrials7.760.89
TechnologyTechnology32.911.47
 
Category: Greater China Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings61
Total Number of Bond Holdings6
Assets in Top 10 Holdings46.69
NameSectorCountry% of Assets
Taiwan Semiconductor Manufacturing Co... 311Taiwan9.85
Tencent Holdings Ltd308China9.73
Alibaba Group Holding Ltd Ordinary Sh... 102China7.94
Xiaomi Corp Class B311China4.08
Meituan Class B102China3.19
PDD Holdings Inc ADR102China3.04
NetEase Inc Ordinary Shares308China2.39
Hong Kong Exchanges and Clearing Ltd103Hong Kong2.33
Ping An Insurance (Group) Co. of Chin... 103China2.18
China Merchants Bank Co Ltd Class H103China1.95
 
Increase Decrease New since last portfolio
Category: Greater China Equity
 
Management
Name of CompanyJPMorgan Asset Management (Europe) S.à r.l.
Phone+352 34 101
Websitehttp://www.jpmorganassetmanagement.com
AddressEuropean Bank & Business Centre 6, route de Trèves
 Luxembourg   L-2633
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date08/09/2014
Fund Advisor(s)
JPMorgan Asset Mgt Asia Pacific Limited
Fund ManagerRebecca Jiang
Manager Start Date03/07/2017
 
Biography
Rebecca Jiang, Managing Director, is a country specialist for Greater China equities and a member of the Greater China Team within the Emerging Markets and Asia Pacific (EMAP) Equities Team. Based in Hong Kong, she joined the firm in 2017 after six years at Fidelity International where she was a senior equity research analyst, responsible for regional and single country coverage including China healthcare, Hong Kong/China banking and regional gaming. Rebecca began her career with Deutsche Bank in 2005 as an equity research analyst covering the consumer discretionary and media sectors in China and Hong Kong. Rebecca obtained a B.A. in International Finance and a Masters in Finance from Fudan University. She is also a CFA Charterholder.
Fund ManagerLi Tan
Manager Start Date01/05/2023
 
Biography
Li Tan, Executive Director, is a country specialist for Greater China equities and a member of the Greater China team within the Emerging Markets and Asia Pacific (EMAP) Equities team. Based in Hong Kong and an employee since 2011, Li was previously a sector research analyst covering Asian banks with a focus on Greater China financials. Prior to that, he held strategy roles within the Investment Banking and Commercial Banking divisions of J.P. Morgan. Li holds an MSc in Management and Strategy from the London School of Economics and Political Science.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Chargen/a
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge0.75%
Ongoing Charge0.95%
Purchase Details
Minimum Investments
Initial10000000  EUR
Additional1000  EUR
Savings-
Tax Free Savings Schemes
ISAsYes